4th Nov 2019 10:50
(Alliance News) - Team17 Group PLC said Monday it expects its earnings and revenue for 2019 to be ahead of market expectations.
Following strong customer traction for both new and established games throughout the second half of the year, the Wakefield-based video game developer is confident in beating market expectations for adjusted earnings before interest, taxes, depreciation and amortisation and revenue.
For 2018, Team17 reported adjusted Ebitda of GBP15.3 million, on revenue of GBP43.2 million.
Shares in Team17 were up 4.9% at 312.0 pence on Monday in London.
By Dayo Laniyan; [email protected]
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